However, whenever we entrust someone with the power to make the decisions for us, that power will corrupt and enslave. The problem with offering to solve the Social Security issue is that President’s responsibility rests with the 'constituents' who put him into that seat - the 10% of the wealthiest in America.

I remember a writer of this President's autobiography, describing Mr. Bush as a very capable man, who runs our country as a competent CEO of a major company, and I have to agree with that. The sad part of it is that as any CEO his loyalties lie with the shareholders and not with the customers (the people of America, in this case).
What an infusion of funds the 'personal accounts' would make for the private industry. Trillions of dollars would be redirected from the Social Security into the investment market. Profits of the private firms would flow, giving another reason for more bonuses and perks.

I 'm puzzled at how people say that we would have more choices with the personal accounts? We already have 401K, various Retirement Funds and other investment schemes to choose from. But one of the very few and last social obligations - that are still recognized in our society - will be gone forever. So much for more choices...
One thing that I cannot understand (well, more than one) is how our President wants so badly to fix this problem, but will not allow taxes to be raised? And how is it His choice?

Even in American democracy, we, the American people, should be able to make such decisions. When I go to the store and choose to buy an organic food, which is better for my family, I make a choice to pay more money for better products. And when someone tells me that I can get better for less, I recognize the selling pitch and walk away.
I agree that Social Security should be invested wiser, with greater returns, and there may be other improvements. But it should be invested and guaranteed by our government for everyone.